Nairobi, July 16 -- Investors' wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks.
NSE data shows the market recorded the third straight day of gaining to close yesterday valued at Sh2.785 trillion. Market capitalisation was last at this level on April 16, 2018 when it closed at Sh2.794 trillion.
Safaricom #ticker:SCOM and Equity #ticker:EQTY stocks have added investors Sh54.09 billion and Sh14.34 billion respectively between May 18 and yesterday, accounting for 67.4 percent of the NSE gain during this period.
This has once again exposed the dominance of a few select blue chip stocks, which has made it ...